A process-driven approach to investment management that lets you achieve the same high gains as the most successful portfolio managers, but at half the cost What do you pay for when you hire a portfolio manager? Is it his or her unique experience and expertise, a set of specialized analytical skills possessed by only a few? The truth, according to industry insider Jacques Lussier, is that, despite their often grandiose claims, most successful investment managers, themselves, can't properly explain their successes. In this book Lussier argues convincingly that most of the gains achieved by professional portfolio managers can be accounted for not by special knowledge or arcane analytical methodologies, but proper portfolio management processes whether they are aware of this or not. More importantly, Lussier lays out a formal process-oriented approach proven to consistently garner most of the excess gains generated by traditional analysis-intensive approaches, but at a fraction of the cost since it could be fully implemented internally. Profit from more than a half-century's theoretical and empirical literature, as well as the author's own experiences as a top investment strategist Learn an approach, combining several formal management processes, that simplifies portfolio management and makes its underlying qualities more transparent, while lowering costs significantly Discover proven methods for exploiting the inefficiencies of traditional benchmarks, as well as the behavioral biases of investors and corporate management, for consistently high returns Learn to use highly-efficient portfolio management and rebalancing methodologies and an approach to diversification that yields returns far greater than traditional investment programs
Financial science, both quantitative and behavioral, can be used to improve the retirement planning effort. Despite a vast amount of literature on the topic, Secure Retirement recognizes the need to validate this knowledge and develop a comprehensive framework for investors.
A process-driven approach to investment management that lets you achieve the same high gains as the most successful portfolio managers, but at half the cost What do you pay for when you hire a portfolio manager? Is it his or her unique experience and expertise, a set of specialized analytical skills possessed by only a few? The truth, according to industry insider Jacques Lussier, is that, despite their often grandiose claims, most successful investment managers, themselves, can't properly explain their successes. In this book Lussier argues convincingly that most of the gains achieved by professional portfolio managers can be accounted for not by special knowledge or arcane analytical methodologies, but proper portfolio management processes whether they are aware of this or not. More importantly, Lussier lays out a formal process-oriented approach proven to consistently garner most of the excess gains generated by traditional analysis-intensive approaches, but at a fraction of the cost since it could be fully implemented internally. Profit from more than a half-century's theoretical and empirical literature, as well as the author's own experiences as a top investment strategist Learn an approach, combining several formal management processes, that simplifies portfolio management and makes its underlying qualities more transparent, while lowering costs significantly Discover proven methods for exploiting the inefficiencies of traditional benchmarks, as well as the behavioral biases of investors and corporate management, for consistently high returns Learn to use highly-efficient portfolio management and rebalancing methodologies and an approach to diversification that yields returns far greater than traditional investment programs
Many investors believe that success in investing is either luck or clairvoyance. In Rational Investing, finance professor Hugues Langlois and asset manager Jacques Lussier present the current state of asset management and clarify the conundrum of luck versus skill. The core of Rational Investing is a framework for smart investing built around three performance drivers: balancing exposure to risk factors, efficiently diversifying bad luck, and taking advantage of relative mispricings in financial markets. With clear examples from model multi-asset-class portfolios, Langlois and Lussier show how to implement performance drivers like institutional investors with access to extensive resources, as well as nonprofessional investors who are constrained to small-scale transactions. There are few investment products, whether traditional or alternative, discretionary or systematic, fundamental or quantitative, whose performance cannot be analyzed through this framework. Langlois and Lussier illuminate the structure of financial markets and the mechanics of sustainable investing so any investor can become a rational player, from the nonprofessional investor with a basic knowledge of statistics all the way to seasoned investment professionals wishing to challenge their understanding of the asset management industry.
Financial science, both quantitative and behavioral, can be used to improve the retirement planning effort. Despite a vast amount of literature on the topic, Secure Retirement recognizes the need to validate this knowledge and develop a comprehensive framework for investors.
On May 1, 2014, the directors of ADM (Aéroports de Montréal) announced a call for tenders to demolish the Mirabel terminal, putting a definitive end to the passenger transport vocation at this airport inaugurated with great fanfare in October 1975. But what happened? Who is responsible for this mess? Could it have been done differently? Was the best location selected for this airport? Why did we fail to connect Mirabel with a fast train, as originally planned? What about Dorval airport, now Montréal-Trudeau? How much longer will it be able to develop? What happened to the rail shuttle? What does the future hold for both airports? What lessons can we draw from this saga? These are just some of the questions this book seeks to answer.
This monograph consists of word and affix-lists, as well as grammatical observations, concerning the language of the Southern Labrador Inuit from 1694 to 1785. They were collected from written texts of this period and show that the language of these eighteenth century Inuit is almost identical with that of their contemporaries in the Eastern Canadian Arctic./Ce travail présente sous forme de listes de mots et d’affixes ainsi que de remarques grammaticales les données linguistiques continues dans les textes d’époque portant sur les Inuits du Labrador méridional, de 1694 à 1785. Il nous permet de constater que la langue inuit du18e siècle était, à peu de choses près, semblable à celle qui est parlée aujourd’hui dans l’Arctique oriental canadien.
Volume Two of this retrospective bibliography is both a continuation and an expansion of Volume One (1984). It contains references to Canadian medical-historical literature published between 1984 and 1998, and also includes much additional material published prior to 1984. Finally, it substantially enlarges the content of French-language material. Every effort has been made to be as inclusive as possible of articles, theses, book chapters and books, both in English and in French, relating to the history of medicine. No single electronic source can replace this bibliography. The contents are divided into three sections. The first is a listing of material expressly biographical. Section two lists material under a wide variety of subject headings related to medicine, and the third is a complete listing of the authors who have contributed these articles. Simply organized and easy to use, this bibliography will be of value to historians, archivists, librarians, and anyone interested in the history of medicine.
This book is a systematic and comparative analysis of police systems in the Western world, looking at their structure and how they tackle contemporary social problems, such as economic austerity, multi-level governance, transnational change, relations with minorities and transformation of delinquency. Core content includes: • Comparative histories of the formation of national police systems; • A discussion of centralised and decentralised police systems; • International differences in community policing; • A review of different police strategies in fighting delinquency and reducing urban disorder; • A comparative analysis of different ways of controlling police misconduct; • An exploration of different models of plural policing. While other books focus on policing in relation to measures effective in decreasing delinquency and augmenting security, this book considers the political, professional, administrative and political economic parameters which frame and shape the course of police reforms. It also explores how operational policing is shaped by the cultural and institutional contexts in which it is located. It is essential reading for students engaged in international police studies and comparative criminal justice.
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